LVMH reports strong sales growth in first half 2019
LVMH Moët Hennessy Louis Vuitton has announced stellar results for the first half of 2019, with the luxury FMCG company’s recorded revenue up 15 percent to 25.1 billion euros. Year on year organic sales growth was up 12 percent in the comparable period to 2018....
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Lush unveils ‘carbon positive’ cork packaging
British naturals company Lush has unveiled its carbon positive packaging, which is made out of biodegradable cork. The company, which states the development is a ‘world first’, will use the packaging for its range of solid shampoos and other naked products, with the...
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Croda sales hit by China/U.S. trade wars and new Chinese laws
British chemicals chemicals company Croda has announced lower-than-expected first half profits, which were down 2.5 percent to £170.6million at adjusted profit before tax. Failing to meet the expected £174 million, the company is said to have been affected by the...
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NewH2 acquires minority stake in CBD company Bod Australia
Australian CBD company Bod Australia and NewH2, the innovation arm of Health & Happiness Group, have announced a global agreement that will see NewH2 acquire a minority stake in the company in order to further commercialize Bod’s CBD products. As part of the new...
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Beiersdorf reviews Northern Europe media account
Beiersdorf is reviewing its media and buying account for its Northern Europe operations, with current agency Wavemaker, part of the WPP Agency, having decided not to repitch, according to Campaign Live. The German personal care giant last reviewed the account three...
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Givaudan strengthens presence in global fragrance market with Drom acquisition
Givaudan has announced the acquisition of perfume house Drom in a bid to further cement its foothold on the global fragrance market. Terms of the deal have not been disclosed, with Givaudan funding the deal through existing resources. According to Givaudan, “Drom’s...
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Rihanna to launch Fenty Beauty into Asian market
Rihanna is set to launch her cult cosmetics range Fenty Beauty into the Asian market this September. Taking to her Instagram to announce the new rollout, the pop star stated that the range would be available in Hong Kong, Macau, Seoul and Jeju, South Korea. The...
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L’Oréal announces Shane Wolf as head of newly created global marketing group
L’Oréal has announced the appointment of Shane Wolf in the newly created role of President of Professional Products Division Global Marketing for US Brands. The position forms part of a new global marketing group for U.S. brands and will see Wolf expand his duties...
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BASF, Henkel, Roche fall victim to cyberattack
BASF, Henkel and Roche are amongst many German bluechip companies that have fallen prey to a cyber attack which was reportedly undertaken by a group most likely working for the Chinese government. The attack was widely reported in the German media before being...
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U.S. FDA issues warning letter to company illegally selling CBD products with unapproved therapeutic claims
The U.S. Food and Drug Administration has issued a warning letter to Massachusetts-based Curaleaf for illegally selling CBD products with unapproved claims of therapeutic benefits. The company stated that its products containing cannabidiol can treat ailments such as...
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